Plan Snapshot
- Plan Sponsor: Xcel Energy INC.
- Sponsor EIN: 410448030
- Sponsor Address: 414 NICOLLET MALL, 401-3, MINNEAPOLIS, MN, 55401
- Plan Type: 401(k)
- Plan Number: 550
- Total Participants: 11,534
- Total Assets: $420.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,534 | $420.7M | $246.9M | $39.7M |
| 2023 | 12,258 | $409.6M | $211.3M | $38.5M |
| 2022 | 11,295 | $415.3M | $184.9M | $36.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CIGNA | Other Service Provider | $4,186,125 | — | $4,186,125 |
| WILLIS TOWERS WATSON | Actuary | $1,261,173 | — | $1,261,173 |
| MEDCO HEALTH SOLUTIONS | Other Service Provider | $1,032,943 | — | $1,032,943 |
| THE HARTFORD | Other Service Provider | $562,678 | — | $562,678 |
| DELTA DENTAL OF MINNESOTA | Other Service Provider | $488,999 | — | $488,999 |
| PRINCIPAL TRUST COMPANY | Custodian / Trustee | $261,268 | — | $261,268 |
| VISION SERVICE PLAN | Other Service Provider | $181,459 | — | $181,459 |
| SUN LIFE CAPITAL MGMT (U.S.) LLC | Other Service Provider | $175,396 | — | $175,396 |
| T. ROWE PRICE ASSOCIATES, INC. | Other Service Provider | $159,514 | — | $159,514 |
| GOLDMAN SACHS | Investment Advisor | $150,000 | — | $150,000 |
| EATON VANCE | Other Service Provider | $74,178 | — | $74,178 |
| PAYFLEX-EXTEND | Other Service Provider | $66,975 | — | $66,975 |
| DELOITTE & TOUCHE LLP | Auditor | $59,000 | — | $59,000 |
| OPTUMHEALTH FINANCIAL SERVICES | Other Service Provider | $12,788 | — | $12,788 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON — Actuary
- PRINCIPAL TRUST COMPANY — Custodian / Trustee
- GOLDMAN SACHS — Investment Advisor
- DELOITTE & TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,672,496
- Estimated Expense Ratio: 2.061% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $8,929,462 | $661,054 | $6,531,967 | $59,000 | — |
| 2023 | $9,058,511 | $603,422 | $6,819,555 | $57,000 | — |
| 2022 | $9,997,548 | $706,086 | $8,406,103 | — | $660,956 |